Suppose You Are the Owner of a Picture Frame Store

question 55

Multiple Choice

Suppose you are the owner of a picture frame store.Let's assume that the average price customers are willing to pay for each picture frame is $120.Also,suppose your fixed costs (FC) total $32,000 (real estate taxes,interest on a bank loan,etc. ) and unit variable cost (UVC) for a picture frame is $40 (labor,glass,frame,and matting) .Figure 13-10 above shows that by selling 800 picture frames,you will

• A)break even.
• B)earn a profit.
• C)incur a loss.
• D)have no fixed costs.
• E)have no variable costs.

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Definitions:

Psychological Harassment

This is a form of harassment involving unwanted conduct that affects an individual's dignity or psychological integrity, often creating a hostile or intimidating environment.

Systemic Discrimination

Discrimination practices embedded in the policies and practices of institutions, resulting in disadvantage to certain groups of people.

Word-Of-Mouth

Informal communication among consumers about the characteristics and quality of a product, service, or brand.

Sexual Harassment Policy

A guideline within organizations aimed at preventing and addressing sexual harassment at the workplace.